Cabot Microelectronics Corp. Reveals Advance In Q1 Profit

(RTTNews) - Cabot Microelectronics Corp. (CCMP) revealed a profit for its first quarter that gained ground from last year.

The company said its bottom line totaled $31.06 million, or $1.19 per share. This was higher than $22.23 million, or $0.88 per share, in last year's first quarter.

The company said revenue for the quarter rose 13.6% to $139.98 million. This was up from $123.25 million last year.

Cabot Microelectronics Corp. earnings at a glance:

-Earnings (Q1): $31.06 Mln. vs. $22.23 Mln. last year. -Earnings Growth (Y-o-Y): 39.7% -EPS (Q1): $1.19 vs. $0.88 last year. -EPS Growth (Y-o-Y): 35.2% -Revenue (Q1): $139.98 Mln vs. $123.25 Mln last year. -Revenue Change (Y-o-Y): 13.6%